Global Rounds

(1) This bull gets reenergized after it stumbles. (2) On a global basis, the P/E is 16.0, which isn’t extremely high. (3) Global sectors show widespread strength in earnings. (4) Global PMIs signal solid growth. (5) Measures of world exports and production are upbeat. (6) Lots of oompah in German business confidence and retail sales. (7) Usually led by exports, Germany and Japan showing surprising strength in domestic demand. (8) China is growing without fanfare. (9) Puzzle: US income tax receipts weak, despite strong jobs growth. (10) Spotting fewer autos on railcars.